Wall Street Zen Downgrades Xponential Fitness (NYSE:XPOF) to Hold

Xponential Fitness (NYSE:XPOF) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other research firms also recently issued reports on XPOF. Stifel Nicolaus dropped their price target on Xponential Fitness from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Robert W. Baird decreased their price objective on Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Friday, February 27th. Guggenheim dropped their target price on Xponential Fitness from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Roth Mkm cut Xponential Fitness from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Friday, February 27th. Finally, Zacks Research downgraded Xponential Fitness from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.72.

Xponential Fitness Stock Down 0.7%

Shares of XPOF stock opened at $5.85 on Friday. Xponential Fitness has a 12-month low of $3.83 and a 12-month high of $13.55. The firm has a fifty day moving average of $7.84 and a 200-day moving average of $7.60. The company has a market capitalization of $286.12 million, a price-to-earnings ratio of -4.01 and a beta of 1.48.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.88). The company had revenue of $82.96 million during the quarter, compared to the consensus estimate of $73.42 million. Xponential Fitness had a negative net margin of 10.90% and a negative return on equity of 2.19%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) earnings per share. On average, equities analysts expect that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Luxor Capital Group LP boosted its position in Xponential Fitness by 61.6% during the second quarter. Luxor Capital Group LP now owns 346,895 shares of the company’s stock valued at $2,598,000 after purchasing an additional 132,270 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Xponential Fitness by 61.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 254,442 shares of the company’s stock valued at $1,905,000 after purchasing an additional 97,163 shares in the last quarter. Nomura Holdings Inc. increased its position in shares of Xponential Fitness by 3,716.6% during the 2nd quarter. Nomura Holdings Inc. now owns 1,297,829 shares of the company’s stock worth $9,721,000 after purchasing an additional 1,263,824 shares during the last quarter. AYAL Capital Advisors Ltd acquired a new position in shares of Xponential Fitness during the 2nd quarter worth approximately $1,498,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Xponential Fitness by 19.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 33,447 shares of the company’s stock worth $251,000 after purchasing an additional 5,518 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.

About Xponential Fitness

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.